Getting into Stanford MBA – Acceptance Rate
The first thing that an MBA aspirant has to do as part of research is to list the acceptance rate of the shortlisted Business Schools. The acceptance rate of top 10 Business schools are much lower (10-12%), not just because of the high standards but because most applicants will apply to top schools as part of the dream school application strategy.
Applicants with 550 – 680 GMAT scores are also not behind this process, as most of these applicants will apply to Harvard, Booth, Stanford, Wharton or Columbia. This has a dramatic impact on the total number of applications.
Another reason for the volume is the global recognition that Stanford earned and the reputation that the school favors Entrepreneurs of all nature (aspiring, in the middle of transition and established). The truth is that there is a subtle difference in who the admission team accepts and there is no hard and fast rule that only one type of Entrepreneurs is accepted. A big part of improving your chance for acceptance is to articulate a consistent story and break down your motivation. Truth travels through the clutter if you know how to remove unnecessary adjectives and articulate a clear motivating story.
If you look at the applicants for Stanford Full-time MBA program over the past 10 years, except for the class of 2012, the program experienced application growth consistently with 2009-10 (the period of Global Financial crisis) experiencing the largest growth – close to 10%.
Why low Acceptance Rate
IMD vs INSEAD MBA: Comparison based on Size, Ranking, Class Profile, Curriculum, Post MBA Jobs & 11 Other Factors
IMD and INSEAD MBA programs seem to be different tier programs, but both MBAs are often shortlisted by aspirants who are planning to get into a top program in Europe. Let us look at eleven factors and compare the MBA programs.
The primary difference between the two programs is the class size. IMD is targeted for a select few with just 90 students selected every year for the Full-time MBA Program. INSEAD Full-time MBA accepts over 1000 students.
IMD’s Campus is located in Lausanne, a French-speaking City in Switzerland. It is just 62km from Geneva, one of the Financial Centers in the world. The largest employment opportunity in Lausanne is for the services sector, followed by manufacturing and processed goods sector. INSEAD, on the other hand, has a three-campus structure: Fontainebleau (Main Campus), Singapore and Abu Dhabi. With this structure, students can leverage the strengths of each of the locations – Europe, Asia, and the Middle East.
Flexibility: Insead > IMD
When you compare the average rank from two major rankings: Financial Times Global MBA Ranking, and The Economist Full-time MBA Ranking, INSEAD MBA program scored an average rank of 11.5 against IMD’s 26.5 with INSEAD at #2 for the latest Financial Times Global MBA ranking.
IIMA vs ISB: 11 Key Differences that you should Know
Indian Institute of Management, Ahmedabad (IIMA) was founded in 1967 by the Government of India in collaboration with business visionaries. Today, it has cult status among Indian B-school aspirants and has grown into an EQUIS-Accredited internationally recognized management institution. Indian School of Business (ISB) was founded by a group of eminent industrialists and academicians in association with Kellogg and Wharton. The first student intake was in 2001, and in just a decade, the school is now nipping at the heels of IIMA for the title of India’s best B-school in most international rankings.
As we had shared with our clients in the Detailed Profile Evaluation Service, compare programs on factors that matter: course duration, class size, incoming class profile, admission chances, post-MBA salary, alumni network, post-MBA location, international partners, and course fees.
Although Indian B-schools rankings do not rate the AACSB-accredited ISB, students both in India and abroad have a fuzzy perception of how these two MBA behemoths compare with each other. Some say it is like comparing apples and oranges; which is partially true, but we have undertaken the challenging task of sizing them against each other.
Do note that in India, MBA degrees can only be given by universities. That is why B-Schools here offer management diplomas equivalent to an MBA, and both IIM and ISB call theirs – PGP or Post Graduate Program.
1) Course duration
Top 20 MBA Programs - Tuition Fee (2018)
The cost of an MBA is a crucial factor in selecting a Business School. The Tuition Fee is just one aspect of the Cost. Other components of the expense are Health Insurance, Administrative Service, Books, Rent and Utilities, Food, Personal, Transportation, Computer Allowance, MBA Association Fee and other membership fee. On an average other components of the Total Fee will add an extra $30000 to $40000 to the Tuition Fee. Find out means to Finance your MBA before shortlisting your target Business Schools. If you want to dig deep into the total cost (Single, Married and Married with Children) for top 31 MBA programs in the US, read Ultimate Guide.
We have selected top 20 Business Schools from Global MBA ranking and have listed the Tuition Fee for each MBA program. The costliest MBA program is Wharton MBA at nearly $153,160 Tuition Fee and the cheapest MBA program- IIMA, Ahmedabad is at $32,655.
It is not fair to list the program just by cost. In fact you should use the Net Present Value to evaluate the Actual Return on investment.
If you are eligible for scholarships and...
Should I get an MBA in Machine Learning?
When did ARTIFICIAL INTELLIGENCE (AI) become popular?
Before you ask whether a specialization MBA or Master's in Machine Learning is important, understand where it all began. Over 140 AI companies have been acquired since 2011 with the momentum on Mergers & Acquisitions peaking in 2016 resulting in 40 acquisitions, among which Google, Yahoo, Intel, Apple, and Salesforce, lead the pack.
Google with 11 acquisitions is leveraging technology to improve the search experience, new media technology, targeted advertising, and digital assistants for the Android OS.
The next wave of innovation is only restricted to tech giants as mid-sized companies and Businesses have yet to find value from AI to solve real-world problems.
The real value of AI would be in FinTech
The authenticity of the founding story, the security risks, and the mass adoption of Bitcoin may be up for debate, but the technology behind the FinTech revolution – BlockChain as an alternative to the current cumbersome payment settlements is closer to reality. 15% of the 200 global banks has tested the technology in some capacity in 2017.
By 2020, 65% of banks would incorporate the payment settlement technology at production capacity.
Although most of the FinTech funding is centered in New York, Ripple - the San Francisco Global Financial Settlement provider has already raised over $93 million from star VCs - Google Ventures, Andreessen Horowitz, IDG Capital Partners and AME Cloud Ventures.
France MBA Job Trends: Energy (2018)
France – the fifth largest economy in the world had a cyclic dip and growth in the past 17 years. More recently with the Global Financial crisis, France endured at a much better rate (-2.9%) over its European counterparts - Germany and UK where the economies shrunk by 5.6% and 4.3% respectively. Although France is a hybrid economy with Socialist values, the 1983 economic crisis pushed the government to large-scale privatization, which continued for over two decades leading the govt. to sell stakes in global brands that include Air France and Renault.
When President Macron is on a global messaging tour of 'Make Earth Green again', a statistic that shed into the realities of France's energy independence becomes clear - 75% of the electricity produced in the country is from Nuclear.
The move away from Oil & Gas started in full-force after the escalation of the Yom Kippur War when OAPEC(Organization of Arab Petroleum Exporting Countries) raised an embargo against countries which were perceived to support Israel. Although France didn’t take a direct stance, the perception of French support of United States led to widespread caution on energy usage and put the French government in great uncertainty. Even though before the 70s crisis, France was looking at Nuclear Energy as an alternative to Oil & Gas, the event accelerated the adoption of Nuclear Energy as the primary source despite the majority of the Uranium exported from Canada and Niger.
The pressurised water reactor (PWR) design that allowed the faster establishment of Nuclear Vessels is now a source of security concern for the nuclear reactors that have...
Haas vs Ross MBA: Comparison on Class Profile, Location & Ranking
The 24-month General Management MBA program offered at Haas School of Business is built on leadership as the foundational skills. The school is also among the few top Business Schools with defining guiding principles – Student Always, Confidence without Attitude, Question the Status Quo and Beyond Yourself.
On the other end, Ross 2-year Full-time MBA program at University of Michigan's Ross School of Business is among the few schools that believe in hands-on learning over traditional lectures and case study. The global initiative, especially through the MAP (Multidisciplinary Action Projects), is exemplary in the depth of the experience that an experiential learning module should provide.
Ross leads in accepting more women applicants – in percentage and numbers while on International front, Haas accepts a larger percentage from other countries. The entry level for Haas is much higher with the average GMAT for the latest class at 725 – close to 10 points higher and undergraduate GPA averaging at 3.71 – 0.2 points higher than Ross.
Class Size: Ross > Haas
Women Applicants: Ross > Haas
International: Haas > Ross
GMAT: Haas > Ross
Average GMAT Score - Top Business Schools
The average GMAT Score in top Business Schools has jumped from 610 in the early 90s to 690 in mid-2000 to 700 in 2012 to 720 in 2017. But don’t blindly follow the 720+ rule. A better strategy would be to aim for the 99th percentile. To convert GMAT Score to percentiles, visit GMAT Percentile page. Although GMAT Score is not the only factor that would decide you chance to get into top Business School, here are the average GMAT Scores of top Business Schools.
Average GMAT Score - Top Business Schools
MIT Sloan 713
NYU Stern 714
Chicago Booth 726
Harvard vs. Stanford MBA: Salary, Entrepreneurship & Cost
Finance and Consulting were the two favorite industries before the 2008 crisis. Following the meltdown, recruiters from Technology began poaching MBA candidates from Finance background. The emergence of FinTech helped companies find talents in the intersection of the two industries. As applicants, it comes down to who offers the best base salary and guaranteed compensation. The total guaranteed compensation determines your ROI while the incoming class and the brand reputation among recruiters influence the number of offers.
Industry (Harvard MBA)
Harvard MBA program is known for the high median base salary. The latest class received $135,000 with 66% of them earning a median signing bonus of $25,000.
Consulting, Consumer Products, Investment Banking, and Consumer Electronics were particularly generous in offering signing bonus with the majority of candidates receiving guaranteed compensation in the range of $25,000 to $50,000.
Venture Capital/Leverage Buy Out/Private Equity - the most popular sub-industry in Finance only offered 37% of its candidates a signing bonus. However, the Base Salary of $152,000 beats the Consulting median Base Salary, encouraging 41% of applicants to choose Financial Services either in Investment Banking/Sales & Trading, Investment Management/Hedge Fund or Venture Capital/Private Equity/LBO.
Function (Harvard MBA): On Function, Consulting earned the candidates a $150,000 median base salary with the majority (95%) receiving a $20,000 median signing bonus. Investment Banking, Leadership Development and General Marketing were the other three popular functions with median base salary and signing bonus that crossed the $150,000 mark while Consulting and...
Harvard vs. Stanford MBA: Ranking, Class Profile & Curriculum
In a span of just 10 years (1999 to 2009), the US Economy went through two booms and busts. The 2001 bust was the result of irrational exuberance that you see when new technology has not found a foothold on the market. Speculators jack up the price. Real investors play along. And then all go to the dust. 2001 was the period when taking the Business online no longer was a lottery for exponential growth but became the new reality of doing Business.
The 2008 financial meltdown nearly brought down world economies, prompting the govt. to offer a $700 billion bailout – the largest Financial Rescue plan in US history. Officially called, the Emergency Economic Stabilization Act of 2008, the plan bought non-performing loans in auto, mortgages and college tuition. The turnaround happened when the Congress passed the Recovery Act in Feb 2009. It took a year for the Act to see results when private employers outperformed govt. recruitment, adding 17.6 million jobs from March 2010 to Nov 2017 at an average of 190,000 jobs. 2008 also triggered the longest period of high unemployment rate – a trend that was reversed only in June 2015.
In such a dynamic time, it is only fair to evaluate two sought-after MBA programs that have gone on to create one of the longest lasting rivalries. If you want to measure where the economy is headed, analyze the recruitment pattern in these two top programs.
Ranking has always been a tricky criterion for school selection. Many have less than 30% alumni survey response. However, the top 5 MBA programs are often fairly consistent in most ranking publications. This has been the case for Harvard and Stanford MBA...